Tag Archives: Asia

October 2015 Debut of Yangon Stock Exchange Signals Greater Asean Integration

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“Myanmar’s Deputy Finance Minister, Maung Thein, has announced that the over-the-counter Myanmar Securities Exchange Centre (MSEC) will be replaced with the Yangon Stock Exchange in October 2015. So far, ten companies are expected to meet the criteria for initial listing on the exchange.  The Yangon Stock Exchange Joint Venture Co. is being developed in partnership with two Japanese firms, the Daiwa Institute of Research Ltd, which holds a 30.25 per cent stake, and the Japan Exchange Group, with an 18.75 per cent stake.”

http://www.establishmentpost.com/october-2015-debut-of-yangon-stock-exchange-signals-greater-asean-integration/

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Quality the priority over timing for Yangon Stock Exchange opening

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“There is still much to do before the Yangon Stock Exchange, Myanmar’s first modern bourse, opens. While KBZ has been selected as the settlement bank and Japan Exchange Group, Daiwa Securities’ information-gathering arm and state-owned Myanma Economic Bank have signed a joint venture agreement to establish the exchange, some critics say the pace of progress has been slow.  The underwriters, brokers, dealers and advisers for the exchange have not yet been selected. A total of 57 applications were received in April, though the winners will not be announced until June.  [The criteria] that companies must meet to list will be released as early as this week.”

http://www.mmtimes.com/index.php/business/14785-quality-the-priority-over-timing-for-yangon-exchange.html

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While the smart money is selling in the US, it’s buying emerging markets

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“Private equity (PE) firms are selling stocks at the fastest pace in history.  According to Bloomberg, PE firms have sold $73 billion of their holdings to the public so far this year. Like all investors, PE firms want to sell their investments at the best price possible. So they sell the most when they think the market is topping out. PE firms have access to information that the public doesn’t have.  So when they’re selling, it’s a bearish sign. The S&P 500 has now rallied 204% since bottoming in March 2009. And it hasn’t had a 10% correction in more than three years. Bridgewater Associates, the largest hedge fund on the planet, now has 60% of its portfolio invested in emerging markets (EM).”

https://www.caseyresearch.com/articles/the-smart-money-is-selling-everything-thats-not-nailed-down

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Hong Kong-Shenzhen connect start date not finalised yet

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“Global funds and investors had expected regulators to announce a launch date since May for the Shenzhen trading link, which will complement a scheme connecting Hong Kong with Shanghai.  A delay beyond August risks pushing the Shenzhen project into 2016 and would cause a setback to Chinese regulators who have been gunning for a 2015 start.  It would also potentially delay the inclusion of China’s ‘A-shares’ into global benchmark indices such as the MSCI Emerging Markets Index, as one of the key criteria for inclusion is greater access to China’s stock markets.”

http://www.reuters.com/article/2015/06/16/hongkong-shenzhen-connect-idUSL3N0Z22CE20150616

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China’s bear market won’t last – these two economies show why

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“There are reasons for the correction. They range from disappointment that index provider MSCI decided against including the market in its global benchmark index – as yet – earlier this month. There have also been cutbacks on margin lending (the ability to buy stocks with borrowed money).  You don’t see indices double in a year (the Shanghai Composite had in fact more than doubled) and expect smooth running from then on in. As Capital Economics put it: ‘Turnover on the Shanghai and Shenzhen exchanges was up 400% year-on-year in the second quarter. That rate of growth is clearly unsustainable.’  And it’s probably healthy if it corrects a bit further. But this doesn’t mark an end to the good times.”

http://moneyweek.com/chinese-stocks-bear-market-wont-last/

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Trans Pacific Partnership Is about Control, Not Free Trade

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“The TPP would only marginally improve free trade, but would export to other countries stronger copyright and patent standards, which would increase the costs these monopoly privilege systems impose on economies, reduce Internet and artistic freedom, increase the prices of pharmaceuticals, and reduce innovation.  Another perverse aspect of the IP treaties is that any significant improvement to US copyright law, which is widely seen as being out of control and in need of reform, would arguably be in violation of US obligations under the Berne Convention. So Congress ties its own hands by means of international agreements and then uses this as an excuse later for why IP reform is not possible.”

http://fee.org/anythingpeaceful/detail/trans-pacific-partnership-is-about-control-not-free-trade

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Jacob Hornberger: Will U.S. Soldiers Soon Be Dying for Communism?

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hornberger1

“The fact is that the United States could have done without the entire national-security establishment and it’s much-vaunted, meaningless term ‘national security’ and lived in peaceful coexistence with Vietnam, the Soviet Union, Cuba, China, Nicaragua, Grenada, and other communist regimes.  How do we know this? Look at Vietnam. It’s still headed by a brutal communist regime. And yet the U.S. national-security establishment is not invading the country again to save the Vietnamese people (and the American people) from communism. That’s how it could have been throughout the Cold War, including with the Soviet Union, China, Cuba, Nicaragua, Chile, Guatemala, and other nations.”

http://fff.org/2015/06/03/will-u-s-soldiers-soon-dying-communism/

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US warns China not to challenge military flights over South China Sea

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“The U.S. warned China Thursday against confronting U.S. aerial patrols over the South China Sea days after a verbal dispute between a Chinese military dispatcher and a U.S. Navy surveillance aircraft.  The Los Angeles Times reported that the Navy released two videos and an audio recording of the confrontation, which took place on Wednesday when the Chinese dispatcher demanded eight times that the Navy P8-A Poseidon leave the area as it flew over Fiery Cross Reef in the Spratly Island chain, where China has conducted extensive reclamation work.  China claims virtually the entire South China Sea as its own, along with its scattered island groups.”

http://www.foxnews.com/politics/2015/05/22/us-warns-china-not-to-challenge-military-flights-over-south-china-sea/

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U.S. Mulls Military Deployment To South China Sea

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“The Pentagon is considering sending U.S. military aircraft and ships to assert freedom of navigation around rapidly growing Chinese-made artificial islands in the disputed South China Sea, a U.S. official said on Tuesday.  Defense Secretary Ash Carter requested options that include sending aircraft and ships within 12 nautical miles (22 km) of reefs that China has been building up in the Spratly island chain, the official said.  Such a move would directly challenge Chinese efforts to expand its influence in the maritime heart of Southeast Asia.  Beijing claims sovereignty over most of the South China Sea, through which $5 trillion in ship-borne trade passes every year.”

http://www.huffingtonpost.com/2015/05/12/us-military-china-sea_n_7270160.html

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Rand Paul Calls For Public Release Of Secret ‘ObamaTrade’ Deal Text

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“The deal’s text is kept in a room behind double doors that each have signs: ‘No Public Or Media Beyond This Point.’   ‘It’s done like you’re going in to read a classified briefing though it’s not actually ‘classified.’ It’s called ‘confidential,’’ Paul said in an interview with Breitbart News outside the room after reading it. Paul and his legal staff spent about 45 minutes in the room reading the deal’s text.  When asked for some of the details that are inside the TPP agreement, Paul said he’s not allowed to tell us that. But he did say the secret trade deal that his Kentucky colleague, Senate Majority Leader Sen. Mitch McConnell (R-KY), wants to rush through the Senate is about 800 pages long.”

http://www.breitbart.com/big-government/2015/05/13/exclusive-sen-rand-paul-visits-secret-room-to-read-obamatrade-calls-for-public-release-of-deal-text/

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